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Topic
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I’m having an issue with how to attack the MCQs that require some work. I know that the timing needs to be under 2 minutes but Im not doing it.
For example the question below took me over 5
A ceramics manufacturer sold cups last year for $7.50 each. Variable costs of manufacturing were $2.25 per unit. The company needed to sell 20,000 cups to break even. Net income was $5,040. This year, the company expects the price per cup to be $9.00; variable manufacturing costs to increase 33.3%; and fixed costs to increase 10%. How many cups (rounded) does the company need to sell this year to break even?
a.
17,111
b.
17,500
c.
19,250
d.
25,667
FAR - 65,75 (expires 3/31/2016)
AUD - 65,69,64 68, scheduled 2/24/16
BEC - 63, 75
REG - Scheduled 1/27/16
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